Establishes five-year housing advisory plan.

This bill requires New Jersey's Department of Community Affairs to create and update a five-year housing advisory plan. The plan must document the state's affordable housing needs - especially for homeless or near-homeless residents - assess housing market trends, inventory available housing units, identify regulatory barriers to building affordable housing, and provide specific recommendations. The department must submit the initial plan 18 months after the bill's enactment and every five years thereafter to the Governor and the Joint Committee on Housing Affordability. This plan directly affects state housing policy development and aims to guide strategies for meeting New Jersey's housing needs across all economic groups.